In a survey by OGO, 82% of Americans do not feel recognized for their contributions. Moreover, companies without an employee recognition program report a mean turnover rate 23.4% higher than companies with recognition, according to SHRM’s Globoforce Employee Recognition survey. Many companies struggle with managing their people and culture, but invest very little in the rewards and recognition needed to build it. This blog will highlight key aspects of a successful employee recognition program, and how it can improve engagement, culture, employee retention and ultimately profitability.
If you think that strategic planning is tedious, uncertain, and difficult, you certainly aren't the first ones to tell us so. This white paper compiles a list of the 7 most common objections we hear to strategic planning, and uses research and facts to give an objective view on the modern movements and trends in strategy. The aim of this white paper is to show that strategy consultants understand the problems with traditional strategic planning, and that strategy is moving towards mitigating these key concerns.
Businesses are quick to reward strong financial performance, but often fail to make the same investments in human capital. As a strategy analyst, I’ve found that while strategy should be backed by strong financials, it is even more heavily driven by the people.
As we enter the third quarter of the year, many teams are beginning to look to begin their strategic planning process for next year and beyond.
Some organizations have a set strategic planning process with internal leaders that run the planning process for them.
Others, have a less relative maturity in their strategic planning process, and are still working through what works best for them.
Regardless of where your organization is in terms of team strategy development, getting your team together for planning is an excellent opportunity to have the important discussions that will dictate the course of your organization and business strategy.
I don't know if strategic management has gotten easier or harder over the years, but it certainly has gotten more complicated.
John Lee Dumas from Entrepreneur on fire (on of my favourite podcasts) always talks about: FOCUS.
As technology changes and companies are forced to adapt to general uncertainty as far as trends go, organizations must strike a balance within their business planning to incorporate innovation and scenario planning to cater to both existing consumer needs as well as their needs in the future.
In this HBR ideacast, the CEO of Evernote shares how changes in how people work affect design thinking in their industry as well as all other areas of productivity.
Entrepreneurs are fantastic people: I would I know, I am one ;-)
Really though, they knowingly engage in an activity: Starting a business, that is statistically designed to fail.
Undeterred and filled with optimism, they throw caution to the wind and launch their business.
It's been said that culture eats strategy for breakfast. In this case, culture has taken a bite out of the workforce over at Zappos.